Gold is doing what Gold always does in a Deprecionary Cycle Phase - sets up a momentum base, then start to build a momentum rally. Current base level is near $1670 to $1710. Normal rally results in a $400 to $475 rally phase before exhausting. My initial targets, $1860 & $1899, are just the first stage of the rally trend. Upside targets for exhaustion should be...
Have you been following my research, weekly videos, and Custom Metals Indexes? If so, you already know why I've been telling traders/investors Gold/Silver are setting up just like 2003-04: building a momentum base over the past 24+ months. The next move higher (over the next 5+ years) should be incredible. Silver is up 32% over the past 90 days. Can you imagine...
As the DXY rises, commodities generally will fall. Even though GOLD sometimes is thought of as more of a defensive asset and inflation hedge, that theory has been moot lately. SILVER and GOLD (the Burl Ives trade) will continue to languish in these downward channels on the weekly charts as long as the dollar is remaining strong. They are both extremely oversold...
The dollar index has been trading downin the big corrective pattern of zig zag on higher degree.Now it is in Wave C of zigzag.The wave 5 of the wave C is going on right now last wave segment and its target 105.18 - 104.46 level .That will be the end of all zig zag correction after that longterm impulsive trend to upside will resume.
HEADER - This is a supplement for 1D. SUMMARY - The boxes are a guide to a more refined cheat sheet if I have time. DETAILS - I am convinced, but not with conviction yet.
is this thing that has traded like a boat anchor, as much of a boat anchor as Bitcoin . More or less not moving at all. Yet, as with all things, consolidation periods only last for so long before the volatility picks up again to draw in new attention. This chart is a huge amount of time and very wide ranges and so it's very hard to stuff the important info into...
HEADER - This is an update to PART 1C. SUMMARY - I thought a great deal about my process over the weekend. I don't want to end this work because I made a mistake. So this chart cover the major outcomes I can see. Links to priors below. DETAILS - The dark bear route is the favorite, BUT IT MUST FOLLOW THAT ROUTE CLOSELY TO REMAIN THE FAVORITE. Meaning if it...
Trade idea gold 21 November. - Optimistic numbers of retail sales pushed dollar higher with further hawkish remarks from Fed speakers did not let dollar to break below weekly support and demand zone at 106, keeping it stable for now, This week over some PMI focus and economic overall US data, there is Fed meeting minutes that will give us better indication on...
Yesterday we had pretty mixed data with bettter than expected unemployment claims indicating solid labor market and really bad Philadelphia data, but the labor market hold much weight alongside some hawkish Fed speakers This week overall we had slower slower volume and volatility after break of 1730 we saw shift in market structure. Overall we are still...
HEADER - These are two targets IRL forecast to hit by November 22 (so next 7 trading days). SUMMARY - I left off in PART 3-6 explaining what I expected in gold and why I have to focus on silver (for more background see all prior posts linked at the end). I thought that the best way forward was to show what both silver/gold should do simultaneously, but two weeks...
I know many of you are very interested in Gold/Silver, but you need to understand the dynamics of price, expectation, and the unwinding of risk. The current move higher puts Gold/Silver into new Fibonacci Bullish Trending. This is what we've all been waiting for. But, the move upward from these levels is going to be staggered/legged by bullish and bearish price...
NO GAP $DJI UP so what now? Looks like there's still momentum, it's early in day Yesterdays HANGING MAN is warning sign, NOT a reason to go short, let's see how day fares Waiting for CONFIRMATION $ATVI is our largest position, rolled 1/2 $TWTR $ there $BHP #GOLD #SILVER Bought $VZ last week Own $INTC @ 28 $AMC last week Still have trailer $LEU Still hodl...
Textbook ascending broadening wedge for the $gsr (#gold to #silver ratio) has a measured-move of 48.6, meaning 48 ounces of silver to buy one ounce of gold. At TODAYS gold price, it implies $36/oz silver. But it will be more, because gold price will be more.
HEADER - This is the second supplement for development 75-day silver chart. After posting, I will not continue here, but in PART 3-7 linked here: SUMMARY - I have enough to forecast ot 60-65 at the end of 2025. DETAILS - See links below for previous related posts. END OF POST.
HEADER - This is a supplement for development 75-day silver chart. After posting, I will not continue here, but in PART 3-7 linked here: SUMMARY - The red route is current expectations. DETAILS - Notes on chart: A) previous long term generic route (with gray boxes for targeting estimates). B) previous short term (partial detailed) C) current expectations D)...
HEADER - I'm too slow. Should've gotten this up 2 hours ago. SUMMARY - I was in the middle of standardizing a regression set, so didn't have enough time. DETAILS - I'm too slow on both gold and silver, that much I know. Links to previous posts below. Will add if I have time.
Gold Edge above 21-EMA nd 200-MA And in this move RSI edge above 50 mark so gold minor dump but long term gold up trend
This custom chart that I post periodically continues to have excellent TA. Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed. The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos. BTC *may* have found it's bottom (for now,...